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Shipping Industry News
Agri Port is your go-to source for the latest local and global industry news relevant to the shipping and grain vessel loading industry. Stay up-to-date with current events, new regulations, best practices, and essential industry updates that impact your operations.
From
Austin Schroeder
via
Barchart
Wheat Rallies on Wednesday
The wheat complex was in bounce back mode on Wednesday, with gains across all three markets.. Chicago SRW futures were up 9 to 10 cents at the close. KC HRW futures led the bull’s charge, with contracts up 11 to 12 ¼ cents in the nearbys. MPLS spring wheat saw...
From
Austin Schroeder
via
Barchart
Corn Firms into the Wednesday Close
Corn futures managed to hold onto some strength on Wednesday, as contracts closed fractionally to a penny higher. The CmdtyView national average Cash Corn price was up ½ cent to $3.94 1/2. USDA's armchair estimate for the US corn balance sheet will be released at Thursday’s Ag Outlook Forum. Ahead...
From
Austin Schroeder
via
Barchart
Soybeans Drift into the Wednesday Close
Soybeans failed to hold the early Wednesday strength, as contracts closed fractionally mixed on Wednesday. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures were down $1.90 to $4.50 in the front months, with Soy Oil futures 107 to 132 points higher. Strength...
From
Walsh Trading
via
Barchart
Walsh Cattle Opportunities - Pure Hedge Division
Low Cost Options, With Limited Risk
From
Mike Schuler
via
gCaptain
CMA CGM Strengthens India Ties with LNG Ship Order and R&D Hub
CMA CGM is doubling down on India, having finalizing shipbuilding contracts with Cochin Shipyard Limited (CSL) for six LNG-powered containerships while launching a dedicated Research & Development hub in the...
From
Mike Schuler
via
gCaptain
Oil Rallies as US–Iran Tensions Flare
Oil gained the most since October as traders weighed whether talks between the US and Iran will be enough to avert conflict, following a report that American military intervention could come sooner than expected.
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From
Mike Schuler
via
gCaptain
Dry Bulk Market Poised for 2025 Upturn, Drewry Says
The dry bulk shipping sector is heading for stronger earnings in 2025, driven by environmental regulations reshaping vessel supply and sustained commodity demand, according to maritime research firm Drewry. Drewry’s...
From
Reuters
via
gCaptain
Oil Shipping Rates Surge After US Sanctions Hit Availability
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.
From
Reuters
via
gCaptain
Russia’s Arctic Oil Feels The Chill From U.S. Sanctions
Russia's vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according to three sources familiar with its logistics.
From
Mike Schuler
via
gCaptain
Norway Awards 53 New Oil and Gas Licenses in Strategic Move to Secure European Energy Supply
The Norwegian Ministry of Energy has awarded 53 new production licenses on its continental shelf as part of its annual APA 2024 licensing round, reinforcing the country’s commitment to maintaining...
From
Mike Schuler
via
gCaptain
Wallenius Wilhelmsen to Take Over Terminal Operations at Scandinavia’s Largest Vehicle Port
Olso-based roll-on/roll-off (RoRo) shipping provider Wallenius Wilhelmsen has announced a strategic expansion of its logistics services with plans to assume terminal operations at the Port of Gothenburg, Sweden’s premier vehicle...
From
Austin Schroeder
via
Barchart
Wheat Sneaking Higher on Tuesday Morning
Wheat is showing slightly higher action so far on Tuesday morning. The wheat market was in rally mode on Monday, joining in on the rest of the grains. Chicago SRW futures were up double digits, with gains of 12 to 14 ¼ cents at midday. KC HRW posted 9 to...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back with Turnaround Tuesday Start
The soybean market is trading with 2 to 6 cent losses so far on Tuesday. Soybeans put on a rally on Monday, as buying fallout from Friday’s USDA reports continued. Contracts were up another 20 to 28 cents across most contracts. Preliminary open interest showed a rotation of ownership, up...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Tuesday Morning
Corn futures are trading with 1 to 2 cent losses in early Tuesday morning trade. The Corn market shot higher again on Monday, with contracts up 6 to 8 cents in follow through buying from the tighter balance sheets USDA left on Friday. Preliminary open interest continued to show net...
From
Oliver Sloup
via
Barchart
Grain Markets Test Significant Resistance. Can the Rally Continue?
Grain futures started the week follow-through buying from Friday’s USDA report. Can the rally continue or are we due for a pause and possible correction?
From
Bloomberg
via
gCaptain
Baltic Sea Cable Cuts Can’t Be Accident, EU Tech Chief Says
The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic.
From
Reuters
via
gCaptain
NATO to Deploy Ships, Aircraft in Baltic Sea After Cable Breaches
NATO countries will deploy frigates, patrol aircraft and naval drones in the Baltic Sea to help protect critical infrastructure and reserve the right to take action against ships suspected of posing a security threat, alliance members said on Tuesday.
From
Susan Stroud
via
Barchart
No Bull | The Five Spot
1 | One Big Surprise The biggest surprise of USDA's January data dump was a notable decline in both corn and soybean yield for the U.S. 2024 crop, falling well below pre-report estimates and marking two of the largest Nov-to-Jan drops on record. 2024 final corn yield fell 3.8bpa month-on-month...